Tomco Energy Share Discussion Threads

[vauch] 17/6/2021 08:52

What are the calculations for a 1k a day plant?

[wilson2] 17/6/2021 08:52

When the 10,000 bpd plant is up and running oil will be 71 $

[vauch] 17/6/2021 08:51

Roll on the 10k plant then its onto the 20k plant

[vauch] 17/6/2021 08:50

Also how much sand can each topper truck carry on USA roads

[damac] 17/6/2021 08:48

Vauch, or 2 trucks per hour simultaneously filling up with oil.

[goulding1215] 17/6/2021 08:47

$70 a barrel is a fantastic rate for the oil. Greenfield aka TOM should start to be re-rated now.

[wilson2] 17/6/2021 08:45

I've just topped up , don't need to wait until Friday,

[ducky fuzz] 17/6/2021 08:44

Trucking hell that's a lot of trucks. DF

[wilson2] 17/6/2021 08:42

Ffs will they ever get it into there thick heads that a 10,000 plant is never going to be

[jaynealex] 17/6/2021 08:40

At this rate I might top up , let's see where it is towards close of play Friday

[vauch] 17/6/2021 08:32

On a 10K plant that's 50 trucks a day

[busamitch] 17/6/2021 08:07

WTI Price Paid for The First Truck Load Of Oil Produced After Restart of Operations

"Development of Sales Channels for Produced Sand Continues

SHERMAN OAKS, CA / ACCESSWIRE / June 17, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") ‎‎(TSXV:PQE; ‎OTC PINK:PQEFF; FSE:PQCF), a ‎company focused on the development and implementation of its proprietary oil-‎extraction ‎technologies, is pleased to announce that the oil produced last week at Asphalt Ridge (the "POSP") Petroteq's oil sands facility was sold and collected by a buyer last Friday as expected. The buyer was only able to load 200.52 barrels of crude, owing to trucking weight limitations. The buyer paid West Texas Intermediate ("WTI") pricing of US$70.91 per barrel for the 10.2° API heavy sweet crude oil produced by the POSP. Transport costs of US$13.00 per barrel to the refinery in Nevada reduced the net realized price to US$57.91 per barrel.

A sample of produced oil is also being prepared for shipment to Quadrise Fuels International Plc in the United Kingdom, for the purpose of assessing the suitability of the heavy sweet oil produced by the POSP for their MSARÒ technology. It is expected that this sample will leave the US before the end of June 2021, with testing taking place following arrival in the UK.

As previously announced, Petroteq and Greenfield are continuing to work with a local drilling fluids company to identify customers for the clean sand that results from the POSP for use as a potential frac sand. The fluids company has, to date, taken an initial 40 tons and it is expected that they will take the additional 700 tonnes of processed sand currently available, together with further sand as it is produced, over the coming weeks. The proceeds from the sale of sand are expected to be approximately US$15-20 per ton.

George Stapleton, Petroteq COO, commented: "The fact that we were able to receive WTI pricing for the oil produced by the POSP demonstrates that the heavy, sweet (low sulfur) oil produced from Utah's tar sands will likely command a premium price relative to other heavy oils. There also appears to be a market for our produced sand, which is a bonus."

About Petroteq Energy Inc.

Petroteq is a clean technology company focused on the development, implementation, and licensing of a patented, environmentally safe, and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. The versatile technology can be applied to both water-wet deposits and oil-wet deposits - outputting high-quality oil and clean sand.

Petroteq believes that its technology can produce a relatively sweet heavy crude oil from deposits of oil sands at Asphalt Ridge without requiring the use of water, and therefore without generating wastewater which would otherwise require the use of other treatment or disposal facilities which could be harmful to the environment. Petroteq's process is intended to be a more environmentally friendly extraction technology that leaves clean residual sand that can be returned to the environment, without the use of tailings ponds or further remediation.

For more information, visit www.Petroteq.energy."

[busamitch] 16/6/2021 23:09

Have they just retweeted it? Which is the real account?

[damac] 16/6/2021 23:01

Probably that justsharesonaim guy on Twitter 🙄🤣

[rmart] 16/6/2021 22:54

That video is not a Petroteq video imo, some ramper made it. ((Imo))

[damac] 16/6/2021 22:49

Couple of things in that video that stand out…

1. They claim that current output is 500 bopd.

2. Terminology used makes it sound like the takeover is happening and they are happy with it.

As has been said above…..utterly bizarre.

[ducky fuzz] 16/6/2021 21:30

Interesting video Busa .. Thanks. DF

[busamitch] 16/6/2021 21:27

Maybe that's just after the shorts close....

More bizarre PQE PR from today below. A video version of the earlier article:

[vauch] 16/6/2021 20:03

As far as i read it they are getting holders to offer their shares in a deal that is set for the 30th June so wont be showing a holding until that point.

[vauch] 16/6/2021 19:55

Dont discount it just yet as it is running until 30th

[damac] 16/6/2021 19:40

Looks increasingly likely rmart. They haven’t reported going over 10% holding in the company which is approximately 50m shares I believe.

[rmart] 16/6/2021 19:32

What happened to the Petroteq offer? Totally fake?

[ajj2003] 16/6/2021 17:54

Think the next acquisition Tomco/Greenfield/Valkor need to make is the PR guru from Petroteq ;)